Ethereum Billionaire Co-Founder Has His Sights Set On China for Next Big Crypto Investment
Ethereum co-founder, Anthony Di Iorio, is currently looking for a new great deal and has his attention turned towards two noteworthy and promising projects from China, Qtum (QTUM) and VeChain (VET).
“The biggest stake for me is in Qtum and VeChain right now, the two Chinese projects, there’s much more opportunity in newer ones if you can identify them.” the billionaire declared in an interview from Toronto.
Di lorio has shown that he has a good eye when it comes to exchanging and picking projects worth investing in. A while back, Anthony Di Iorio amassed an immense fortune by investing in Bitcoin when it was selling for under $8 per coin. The profits further went into co-founding Ethereum.
Qtum and VeChain, the next big crypto winners
Both projects are nothing short of promising in the eyes of the billionaire. For example, Qtum is an Ethereum-based project that’s currently ranked as the 21st most important digital coin with a market cap of $871,501,261 according to CoinMarketCap. Qtum promises stability worthy of Bitcoin and Ethereum-like flexibility of the smart contracts.
Di Iario’s other pick is VeChain, a platform with a strong focus on providing chain administration and economic services. The coin is currently ranked 16th with a sector value of $1,684,430,019 by CoinMarketCap.
Bitcoin, not forgotten
The billionaire investor is still very much a believer of the currency that helped him gain his first portion of wealth, Bitcoin. “In general, it’s got amazing features, and it’s got the ability to, because it’s scarce, great utility, you could move value quickly fast, it’s a first-mover advantage, I think it’s going to consistently do what it’s been doing over the last year as more people start to use it, I think it’ll go up.” the billionaire recently stated in a Bloomberg interview.
Di Iorio is currently heavily involved in running Decentral, a so-called “innovation hub” in Toronto that targets blockchain assignments. Whether Qtum and VeChain will meet the Ethereum co-founder’s expectations remains to be seen. However, history has shown us that Anthony Di Iorio is rarely wrong when it comes to big investments.